Risk of Declines in the Value of Business-Use Real Estate, Securities and Other Assets
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2026-H1.
Toenec moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 53 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「④ Significant decline in the value of assets held by the Company」
The risk of a decline in the value of assets held has been streamlined into a concise description as a key factor with a material impact on operating results, replacing the previous detailed reference to business-use real estate, securities and other assets. - FY2022RestatedAnnual report
「However, if the profitability of business-use real estate declines significantly or the fair value of securities and other assets falls significantly, this may affect the financial condition, operating results and cash flows of the Group.」
The company reiterates the risk of a decline in the value of business-use real estate, securities and other assets, together with reviews based on future cash flows and the cost of capital. - FY2020First statedAnnual report
「(5) Assets held However, if the profitability of business-use real estate declines significantly or the fair value of securities and other assets falls significantly, this may affect the financial condition, operating results and cash flows of the Group.」
The company identifies the impact of declining profitability of business-use real estate and falling fair values of securities and other assets as a new risk. Reviewing assets held by comparing future cash flows with the cost of capital is cited as a countermeasure.